Yip’s Chemical to spin off ink business

Business | 29 May 2020 4:08 pm

Yip’s Chemical (0408) intended to spin off and separately list its ink business on the Shenzhen Stock Exchange, the company said.

Bauhinia Variegata Ink & Chemicals (Zhejiang) will become the listing vehicle and the holding company of the group’s subsidiaries involved in the ink business, said Yip’s Chemical. The Bauhinia Variegata Zhejiang Group is the largest ink manufacturer in the mainland and one of the top 20 ink manufacturers internationally by annual sales in 2019, said the company.

 

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